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Estate Planning 101: Why You Should Start Now

Credit Corp

Estate planning is commonly viewed as a dry subject that most people lack interest in or postpone tackling until much later in life. Estate planning is one of those things we think is better to tackle during our retirement. It changes constantly, and can upend at any given moment. Here’s estate planning 101.

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Protect Your Valuable Assets with a Family Trust

Credit Corp

Do you have assets that you want to pass down to your children or grandchildren? Although you mention them in your Will, it still has to be verified in court. Having a family trust avoids this judicial process and is one less worry for your children. Elvis Presley’s estate was worth over $10 billion.

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Can I Sell My Home Myself?

Credit Corp

Although you’re allowed to sell your own home, doing so is a lot of work. Before you move forward, take time to consider the pros and cons of handling things on your own. If you’re thinking about putting your house on the market, you may be wondering whether you can sell your own home. Why Sell Your Own Home?

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6 Sure Fire Ways to Start Building Generational Wealth

Credit Corp

You don’t have to be a millionaire to start building wealth for your children. Instead, there are a couple of ways you can increase your assets and net worth to pass down to the next generation. Whether you call it family wealth or family money, setting financial goals is essential for leaving a legacy.

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Top 5 Asset Protection Strategies for Lottery Winnings

Jimerson Firm

However, with this newfound wealth comes an unwanted spotlight, as lottery winnings are often a target of lawsuits, creditors, scams, and sometimes even friends and family seeking financial assistance or investment opportunities. Strategy #2: Place Assets in Trusts Trusts are powerful tools for both asset protection and estate planning.

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The Importance of Up-to-Date Estate Planning During COVID-19

Fraser

For many people, this has sparked a renewed and urgent interest in estate planning, including creating, updating and/or finalizing estate planning documents. For those who have been holding off on estate planning, the uncertainty of the current moment should serve as motivation to act. Is Your Trust Funded?

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What Assets Do You Lose in Chapter 7?

Sawin & Shea

That said, no two bankruptcy cases are the same, and your Chapter 7 liquidation process will depend on your individual circumstances. Though most Chapter 7 cases are what we callf “no-asset cases” meaning you keep all of your possessions. They cannot take legal action against you or seize your assets.